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Second Wave of Foreclosures Has Begun. Option ARM Mortgages to Explode.

The number of people falling behind on their mortgages increased over the last quarter for the first time since 2009, according to a new report by the credit bureau TransUnion. And while the news surprised many people, it came as no surprise at all to some mortgage experts, who have known for years that a … Read more

Some Arizona Residents Win $154 Million in Mortgage Relief

Yesterday Arizona announced a big victory for 8,715 residents in eight states and residents will actually help to reduce the total amount they owe on their mortgages. Here is the official release. Attorney General Terry Goddard yesterday announced a multi-state agreement with Wells Fargo Bank (“Wells Fargo”) over allegedly deceptive marketing of payment option adjustable … Read more